Multichannel retailer The Sports Authority is looking for a new CEO to succeed Doug Morton who is retiring as CEO but remaining as chairman of the board.
Katie Deatsch , Senior Editor
Multichannel retailer The Sports Authority Inc. is looking for a new CEO to succeed Doug Morton who is retiring as CEO but remaining as chairman of the board.
Morton, who joined the retailer in 1986, has been CEO since 1995. During his time as the company’s top executive, he presided over multiple acquisitions of other retailers, developing The Sports Authority into a retailer of a wide range of sporting goods.
The Sports Authority, which sells online at SportsAuthority.com, is No. 184 in the Internet Retailer Top 500 Guide The company operates 465 stores in 45 states and employs more than 15,000 associates.
Englewood, CO-based Sports Authority also operates stores in Japan under a licensing agreement with AEON Co. Ltd.
“Doug has been the driving force in growing Sports Authority from a small regional chain to a national powerhouse,” says Jonothan Sokoloff, managing partner, Leonard Green & Partners, L.P., a private investment firm with a stake in the retailer.